Atlantic Connect Group offers €17M for 85% of Azores Airline
According to a source from the consortium speaking to the Lusa news agency, the bid submitted on Monday proposes the purchase of 850,000 shares in the Azorean airline, for €20 per share.
Brussels warns housing crisis creates ‘new challenges’
According to Brussels, last year the proportion of the population with excessive housing costs in Portugal was 6.9%, still below the EU average of 8.2%, but one of the largest increases in the EU.
Chinese invest €16.86 million in packaging factory
The project aims to set up an SHP Group production unit to manufacture high-end cosmetics packaging and will receive €2.86 million in support from Compete.
Bernstein sees IAG Group as favourite in TAP privatisation
US-based Bernstein Research believes that the IAG group is best positioned to win the reprivatisation of TAP and praises the Portuguese airline.
EDPR signs agreement to build solar project in Wisconsin
"This agreement is further evidence of EDPR's strategic positioning in the US as a major player in the renewable energy sector", the company said.
TAP was the only major airline to increase profits in Q3
The Portuguese carrier's third-quarter results look good compared to its competitors who want to buy it. The weakness is the deterioration in operating profit.
Summer brings TAP’s profits to €55.2 million by September
Net income come in 34% below that achieved in 2024. An increase in passengers during the summer and strong growth in the maintenance business helped the financial results in the third quarter.
Mota-Engil posts record profits of €92 million by September
The construction company's profits increased by 20% in the first nine months of this year compared to the same period in 2024. EBITDA rose by 15% year-on-year.
Air France-KLM takes first formal step for TAP privatisation
The Franco-Dutch group is the first to announce that it has submitted its manifestation of interest to Parpública to participate in the reprivatisation process of the Portuguese airline.
Azevedo family sells solar energy portfolio to a UK fund
Capwatt, a company based in Maia (Porto) and owned by Prismore Capital (formerly Sonae Capital Industrials), has sold 68 megawatts in Portugal and Spain to a fund managed by the British company SDCL.
Unions threaten strikes at airports over Christmas
Menzies' largest union will consider strike action at the end of December to protest against the uncertainty surrounding the future of workers created by the handling tender.
Ex-Portir expands in Spain to reach €80 million in revenue
The Leça da Palmeira-based company, acquired in 2023 by a group of investors led by Nuno Fonseca, will be renamed Movit and open offices in Barcelona, Valencia, and Vigo over the next three years.
EC predicts 0.3% deficit in Portuguese economy in 2026
The European Commission predicts a return to deficits in 2026, while the Government expects a surplus of 0.1%. However, the EU executive validates the economic growth forecasts.
Brussels calls CGD and BCP to discuss regulatory relief
A high-level meeting between Commissioner Maria Luís Albuquerque and representatives from more than 20 institutions is scheduled for 2 December to discuss the reform of banking regulation.
American company Upwork is the 17th unicorn in Lisbon
The first wave of recruitment is starting now and the office will open in the second half of 2026, says the unicorn's CEO. It will start with 100 people.
Jerónimo Martins invests €13.5 million in Norwegian cod
Jerónimo Martins' agri-food arm will become the second largest shareholder in Norcod, which will carry out a capital increase to be fully subscribed by the Portuguese company.
Defined.ai confirms investment in Sines gigafactory
The scaleup will participate in financing the gigafactory that Banco Português de Fomento wants to attract to Sines. Daniela Braga is "very confident" that Portugal will be able to convince Brussels.
Centeno’s race for the vice-presidency of the ECB kicks off
The starting signal for Luis de Guindos' succession will be given this Wednesday at the Eurogroup meeting. The Portuguese government will support Mário Centeno's candidacy, but there is competition.
Microsoft invests ten billion dollars in Sines
The American tech giant confirms a "historic investment" to bring thousands of the latest generation Nvidia graphics cards to the Start Campus data centre.
Government wants Portugal to be a “global innovation centre”
The Deputy Minister for State Reform considers the country "competitive in terms of costs" and with "global ambitions”. Portugal "has all the necessary conditions to become a world leader in AI”.
Nokia has replaced half of Huawei’s fibre optics at Meo
On the day that Meo and Nokia are set to announce the strengthening of their strategic cooperation at the Web Summit, ECO takes a look at the current status of the agreement.
Chinese apply to BdP for licence for first crypto bank
Bison Bank wants to incorporate the crypto asset business of its subsidiary BDA and operate fully as the first crypto bank in Portugal. The central bank has the final say.
Frulact changes to Italian ownership for €600 million
The José de Mello Group was one of four finalists for the acquisition of Frulact, a food industry preparations company based in Maia (Oporto).
Interview Former Unbabel CEO Vasco Pedro launches startup Spinnable
The start-up, which is developing a platform for creating AI agents that entrepreneurs can “recruit”, is starting out with 15 employees, 10 of whom are “non-human”, and has already raised €2 million.